Hi Investment & Securities Confirms InnoDev IPO Price at 18,000 Won

[Asia Economy Reporter Ji-hwan Park] Hi Investment & Securities announced on the 8th that the public offering price for Innodep's KOSDAQ market listing was set at 18,000 KRW following a two-day demand forecast conducted on the 3rd and 4th.

Innodep's desired public offering price band ranged from 14,000 to 18,000 KRW, and with the price set at the top end, the total planned public offering size was confirmed at 18.9 billion KRW. The demand forecast competition rate among institutional investors was recorded at 1,574 to 1.

A Hi Investment & Securities official stated, "About 80% of institutions proposed prices above 20,000 KRW, and to allocate shares to all institutional investors, the public offering price was finalized within the desired price band." This reflects institutional investors' expectations of Innodep's high growth potential, which provides data integration control solutions based on video artificial intelligence (AI) and data platform technologies.

Innodep plans to use the public offering funds for research and development (R&D) expenses to attract excellent R&D personnel, facility funds, and other operating expenses.

Subscription for general investors will be conducted through Hi Investment & Securities on the 9th and 10th from 10 a.m. to 4 p.m. each day.

To participate in the subscription, account opening is required by the day before the subscription date (the 8th). Innodep will be listed on the KOSDAQ market on the 18th after completing the public offering procedures.

This content was produced with the assistance of AI translation services.